The stock market is about to open, and numerous corporations are creating headlines ahead of the opening bell. Here’s a breakdown of the major players:
GameStop: The joke stock fell 5% premarket after initially rising about 30%. The company’s surprising financial announcement indicated a 29% drop in net revenues from the previous year.
Lyft: Shares of the ride-sharing business rose more than 3% after many analysts upped their ratings to “buy” following Lyft’s investor day. Between 2024 and 2027, the company forecasts gross bookings to expand at a 15% compound annual rate.
Vail Resorts: The ski resort operator fell 8% after announcing poor quarterly results that failed Wall Street’s expectations. The company reported earnings of $9.54 per share on a $1.28 billion revenue.
Skechers: Shares of the footwear company jumped 2% after Bank of America upgraded its rating to “buy,” noting a better wholesale market and good sales trends.
DocuSign’s stock tumbled more than 7% after the business issued disappointing guidance. Despite exceeding first-quarter expectations, the company’s fiscal second-quarter and full-year outlooks surprised investors.
Samsara: Shares of the software company fell more than 6% after it issued disappointing guidance. Although the corporation exceeded first-quarter expectations, its fiscal second-quarter and full-year financial predictions surprised investors.
Source (CNBC)
